Seller Financing

  What is Seller Financing, and who is it      for?

    Seller Financing is for anyone who needs to sell their house quickly! It          works for any price of home, and in many different situations.

   The basic concept is that you (seller) act as the bank and provide                financing to us (buyer) for an agreed upon purchase price, monthly                payment, length of time, and terms.   

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Why Might you Use Seller Financing?

• The penalty to break your bank mortgage may be extremely expensive
• You don’t want to use a realtor or pay commissions and fees
• Your home is free and clear (mortgage is paid off) and you would like to receive a monthly income at a guaranteed interest rate much higher than a GIC can offer
• Your mortgage balance is currently equal to or exceeds the market value of your home
• You need to sell quickly

What are the Benefits of Seller Financing?

The house is sold! You collect payments every month that are equal to or exceed your mortgage payment

• No Headaches! We pay for all insurance, taxes, and repairs…it’s our house after all!
• Flexible terms – the agreement is strictly between you and us, so anything goes!
• Avoid mortgage payout penalties and realtor commissions

The Legal Lowdown

There are some important things you should know before selling to us on Seller Financing. Don’t worry, we will go over all of this carefully when working with you and have our lawyer help us with drafting all necessary documents.

 
Title and the mortgage stay in your name until our Seller Financing Agreement is up. Having the mortgage in your name may or may not affect your ability to qualify for another mortgage should you need one where you’re moving to. We will work together to make sure all your needs are met, who knows, you may even choose to buy your next home from us!

 
We use an Agreement for Sale (AFS) for this transaction, which is basically like a mortgage document between our two parties. Because of its complexity, we need a lawyer to help us out…like we said; we use very creative strategies to help you out in any way possible! 

 
For more information on how we can buy your house quickly, please either fill in our

Sellers Contact form, or call us at (403) 536-0737.